Laureate Education announces $100 million stock buyback plan
- Laureate Education, Inc. has approved a new stock repurchase program to buy back up to $100 million of its common stock.
- The company has returned nearly $3 billion to shareholders since 2019 through share repurchases and dividends.
- This initiative reflects the company's commitment to enhancing shareholder value and maintaining financial strength.
On September 13, 2024, Laureate Education, Inc. announced a new stock repurchase program approved by its board of directors, allowing the company to buy back up to $100 million of its common stock. This initiative follows the completion of a previous $100 million repurchase program initiated in February 2024. The company plans to finance these repurchases using free cash flow, excess cash, and liquidity available under its Revolving Credit Facility. Since the beginning of 2019, Laureate Education has returned nearly $3 billion to its shareholders through a combination of share repurchases, cash distributions, and dividends. The new repurchase program reflects the company's ongoing commitment to enhancing shareholder value and demonstrates its financial strength and liquidity position. The repurchases will be executed in various ways, including open market transactions, privately negotiated deals, and block trades, depending on market conditions and regulatory compliance. The board of directors will periodically review the program and may adjust its terms or suspend it as necessary. This announcement is part of Laureate's broader strategy to maintain a strong financial position while ensuring that its shareholders benefit from the company's success. The company emphasizes its commitment to academic quality and innovation, aiming to improve employability outcomes and accessibility in higher education.